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Mathematics
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Business Mathematics Study Set 1
Quiz 9: Compound Interest: Further Topics and Applications
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Question 301
Short Answer
Calculate the equivalent interest rate (to the nearest 0.01%)
Question 302
Short Answer
Calculate the equivalent interest rate (to the nearest 0.01%)
Question 303
Short Answer
The current (simple annualized) yield, based on the holding-period return for the most recent 7 days, is reported for a money market mutual fund as 6.17%. What is the fund's corresponding effective (annualized) yield?
Question 304
Short Answer
Calculate the equivalent interest rate (to the nearest 0.01%)
Question 305
Short Answer
For a two-year GIC, what nominal rate compounded quarterly would pay the same amount of interest as 3.8% compounded annually?
Question 306
Short Answer
The current (simple annualized) yield on a money market mutual fund, based on the return for the most recent seven days, is 5.62%. What effective (annualized) yield will be reported for the fund?